A Unit Investment Trust Differs from a Mutual Fund in That

question 16

Multiple Choice

A unit investment trust differs from a mutual fund in that

• A)it offers a combination of debt and equity securities in the unit.
• B)its originator guarantees a redemption price.
• C)its original portfolio is generally unchanged until the trust is dissolved.
• D)it requires considerably greater portfolio management.

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Definitions:

Investors

Entities or persons who invest resources anticipating a financial gain in return.

Social Responsibility

The practice of producing goods and services in a way that is not harmful to society or the environment and actively contributing to the well-being of global and local communities.

Charitable Contributions

Donations made by individuals or organizations to charitable causes for altruistic purposes.

Community Service

Community Service is volunteer work performed for the benefit of the community without monetary compensation, often mandated by courts or as a requirement by educational institutions.